Loading...

Points in Time

#Bitcoin's Stock to Flow model has finally printed its 3rd red dot. Probably the most anticipated red dot in the history of #BTC. If you are not sure why then take a look at the chart. #StockToFlow - twitter.com/...?s=20

Man, I've been waiting for this for years now, and finally, the bitcoin halving has come and past. If history is to repeat itself this marks the beginning of a new bull cycle. cointelegraph.com/...story

The much anticipated #Bakkt has finally been launched today. As many of us speculated, this would lead to a price drop on Bitcoin BTC caused by the typical buy the rumor sell the news. Long-term however, this should be bullish. www.coindesk.com/...xpect

Yep! Dropping as usual. 71 Bitcoins worth around $700,000 USD traded so far today. I am not sure if that's good or bad for a first-day launch. Most people are probably just spectating and checking it out to get a feel.

Bitcoin price drops over $500 after Chair Jerome Powell from the Fed statement that "we don’t see digital currencies from central banks as something happening in the near term." twitter.com/...03008

Highlight: “We are following the whole question of digital currencies,” says Fed Chair Jerome Powell.
“It’s not something that we are actively considering. For us, it raises significant issues that we would want to see resolved.”https://t.co/xpAujlCWBdpic.twitter.com/n5M5XDU5AZ

The race to launch a Bitcoin #ETF is getting really close... Despite being postponed by the #SEC, #VanEck and #SolidX plan to launch a limited version of an ETF this week. OK Ok! Not quite an ETF but still bullish. Right? www.coindesk.com/...eport

So many people claiming to be #SatoshiNakamoto. When will it stop? Who knows! Anyway, #Crypt0 on YouTube did a good job going through part 1 and 2 of the revealing. This sounds like it could be made into a movie. www.youtube.com/...0QETY

After delay and delay and delay... Finally, Bakkt get the approval from the New York State Department of Financial Services to launch the worlds first physically delivered Bitcoin futures! www.coindesk.com/...month

Bakkt says it will launch Sept. 23 after receiving a trust charter through the New York State Department of Financial Services.

End of content

That's all we got for
#Bitcoin

Overview of Bitcoin

Bitcoin is the first decentralized cryptocurrency introduced in 3 January 2009 by an unknown entity naming himself Satoshi Nakamoto. The idea and purpose of Bitcoin is to make decentralized and pseudo-anonymous transactions. It uses proof-of-work system to create new coins. It has a block creation time of 10 minutes in average and block size of 1MB. As of 2009 (creation of bitcoin), each block gave you 50 btc to the miner of that block, that value being halved every 4 years (giving today 12.5 per block). Smallest unit is called one satoshi which is 0.00000001 bitcoin or one hundred millionth of a bitcoin. Bitcoin also has transaction fees which, miners get verifying transactions. The technology used in bitcoin is very limited on creation of smart contracts. Bitcoin can handle up to 3.3 – 7 transactions per second.